Published: June 7, 2019 |

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Panoro Minerals Ltd. has appointed Augusto Baertl of Lima, Peru as chairman. He has been a director of the company since 2017.

Augusto Baertl is an experienced mining executive with more than 50 years of experience in the Peruvian and International Mining sectors. Baertl’s career began with the San Cristobal Mining unit of the Cerro de Pasco Corporation followed by Compañía Minera Milpo where he rose to the role of president and CEO. Baertl was also president and CEO of Compañía Minera Antamina where he led the $2.25 billion development of one of the world’s largest copper/zinc mines from exploration to start-up. Baertl is a past member of the board of directors of many mining companies including Milpo, Atacocha, Huaron, Chungar, Corporacion Minera Castrovirreyna, Norsemont Mining, and Chinalco International in addition to serving on the boards of banking, engineering, construction, and contract mining companies in Peru. Baertl is a former chairman of the SNMPE, IIMP, Petroperu, the Canada Peru Chamber of Commerce, and the Peru Chapter of the Latin American Business Council. Baertl has recently been appointed as chairman of the board of directors of Graña y Montero, a New York Stock Exchange listed and Peru’s largest Engineering and Infrastructure company. He is also currently a member of the board of directors of Alturas Minerals, Fima, and Stevia One and is active with a number of Non Governmental Organizations in Peru such as Horizonte Corporativo and Cedro.

William Boden, who has served as chairman since 2011, and will remain a director of the company.

“We are excited that Augusto Baertl has accepted this position as we further develop our two flagship properties, which have a current combined PEA valuation of $990 million, after tax. Augusto’s experience will be of great benefit to the Company as it advances its significant portfolio of Peruvian copper assets into feasibility and development stages,” said William Boden.

About Panoro Minerals
Panoro Minerals is a uniquely positioned Peru focused copper exploration and development company. The company is advancing its flagship Cotabambas and Antilla Projects.  The company has also partnered two early stage projects, Humamantata and Kusiorcco Projects, with Hudbay Minerals and JOGMEC.  All projects are located in the strategically important area of southern Peru. The company is well financed, with strategic partnerships including Wheaton Precious Metals, to expand, enhance and advance its projects in the region where infrastructure such as railway, roads, ports, water supply, power generation and transmission are readily available and expanding quickly.  The region boasts the recent investment of over $20 billion into the construction or expansion of six large open pit copper mines.

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